Bill Black: Mankiw Whiffs on “Learning the Right Lessons from the Financial Crisis”
Bill Black debunks a book that tries to relitigate the crisis by denying that Lehman was insolvent.
Read more...Category Archives: Real estate
Why Are There So Many Unsheltered Homeless People in California?
Try guessing why San Francisco has encampments of homeless people….
Read more...How Chinese Investors Inflate Housing Markets in the US, Canada, and Australia, as Governments Try to Stem the Tide
How Chinese money is distorting home prices in major cities around the world, and how local authorities are starting to intervene.
Read more...Warren Buffett’s Mortgage Companies Engage in Alleged Discrimination Against Minority Borrowers, Violating Fair Housing Act
An investigative report suggests that Berkshire Hathaway’s mortgage lending operation discriminates against minority borrowers.
Read more...Gimme Shelter Q1 2018 Update: Rents and House Prices All at or Near New Extremes
Why buying a house looks to be a better deal than renting, even at today’s nosebleed prices.
Read more...Wolf Richter: What Will Rising Mortgage Rates Do to Housing Bubble 2?
Investors have fixated on the rise in Treasury yields. Perhaps they should worry more about what the Fed’s rate increases are doing to mortgage rates.
Read more...5 Policies That Could Improve Housing for the Renting Generation
Housing has become a more divisive issue than ever, as rising real estate costs and less job stability make buying a house both harder and more fraught. Renters need better protections, but how to get there?
Read more...Why Mental Health Is the Hidden Cost of the Housing Crisis
Housing has too often become a source of insecurity rather than security.
Read more...Wolf Richter: What Will Rising Mortgage Rates Do to Housing Bubble 2?
Rising mortgage rate are about to do some damage to the house party.
Read more...Chaos in Catalonia Hits Barcelona Housing Bubble
Barcelona wanted to take some air out of its property bubble. Will it wind up getting more than it bargained for?
Read more...Amar Bhide: The Case for Traditional Banking
Amar Bhide gives a clearly-written, compelling argument against a supposed banking “innovation,” securitization.
Read more...Thomas Cox: A Sweet Christmas Gift for a Client in Maine
Nationally famed foreclosure defense attorney Tom Cox scores a Maine Supreme Court win that saved a client’s home right before Christmas.
Read more...Why Stopping Tax “Reform” Won’t Stop Inequality
Inequality isn’t driven by taxes—it’s driven by the power of capital in relation to workers.
Read more...Gaius Publius: The Building Is Burning and All the World’s Babies Are In It — Using Force to Fight Climate Change
It’s going to take force to fight climate change and there’s little time to waste. Asking and negotiating won’t do the job.
Read more...Matt Bruenig: Land as Soil and Land as Space
Looking at arguments used to justify original claims on land (meaning private ownership versus common ownership or use).
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